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Office Suite with Private Offices
New
For Lease
$8,274/Mo

500-180 N Michigan Ave, Chicago, IL 60605

A furnished-workspace layout includes reception, meeting rooms, private offices, and a kitchenette.

Space Size4,403 SF
Days on Market5

Property Features for 500-180 N Michigan Ave

General Information

Standard status Active
Size 4,403 SF
Net Rentable 4,403 SF

Space & Availability

Available Space 4,403 SF
Contiguous Space 4,403 SF
Space Use Office
Sublease Yes
Private Offices 5
Meeting Rooms 2

Site & Location

Neighborhood South Loop
Public Transit Yes

Amenities

janitorial services
heat
AC
on-site management
24-hour manned security
Listing Agency: World One Realty
Listed By: Renata Gomes Carneiro · License #471013063
Source: Exprealty
Added: Oct 27 Changed: Oct 30 Last Checked: Oct 30 at 3:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of World One Realty

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Investment Insights

Based on property information with market context.

This 4,403-square-foot office suite has five private offices, two conference rooms, a reception area, and a kitchenette. North and east exposures provide views over Millennium Park. Building services include janitorial, heat, air conditioning, on-site management, and 24-hour manned security.

The Chicago office is one block from the Randolph Street Metra station, with restaurants, hotels, public transportation, and parking garages nearby. The sublease runs through May 31, 2028.

Key Highlights

  • 4,403‑square‑foot office suite with five private offices and two conference rooms
  • Reception area and kitchenette
  • North and east exposures overlooking Millennium Park

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Nursing Home Butcher Pet Grooming Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.38 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

20,794
Businesses Nearby

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$26.72 /SF/Yr
Avg Asking Price
$4.8–$94 /SF/Yr
Price Range
14,490 SF
Avg Space Size

This space is priced 16% below the average of $26.72 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025

Frequently Asked Questions

What type of property is this?
Office unit - A furnished-workspace layout includes reception, meeting rooms, private offices, and a kitchenette.
Where is this office unit located?
The property is located at 500-180 N Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $8,274/Mo.
What are key features of this property?
This property features: 4,403‑square‑foot office suite with five private offices and two conference rooms; Reception area and kitchenette; North and east exposures overlooking Millennium Park
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